Chuck Wardell on Citigroup CEO Exit

Vikram Pandit recently - and abruptly - stepped down as CEO of Citigroup. In a guest post on Forbes.com, Witt/Kieffer CEO Chuck Wardell emphasizes the importance of succession planning.

"Good organizations plan for the future and especially for unplanned and unforeseen events," Wardell says. "In concert with their succession planning, they constantly reassess and tweak strategic goals."